The company, established by a Tsinghua graduate, finds its core competence in high-performance algorithms R&D
Supreium (Chinese: 适创科技), Chinese CAE algorithms researcher and industrial software developer, announced on June 1 the completion of its Series A and Series A+ financing rounds worth about CNY 100 million (USD 14.95 million).
The lead investors are IDG Capital and Sequoia China, followed by AAMA Fund, Shuimu Tsinghua, and Fangxin Capital.
The proceeds will be used to improve product R&D, hire talent, and accelerate marketing and brand building, per a company statement.
Supreium currently has more than 300 paid clients and 3,000 registered users. The company plans to expand online toC marketing and offline toB exhibition activities to form a multidimensional branding system.
Supreium expects its 2022 revenue to reach CNY 40 million with over 1,000 paid clients and 10,000 users.
Founded in 2016, the Beijing-based enterprise focuses on intelligent CAE algorithms development, aiming to provide industrial design applications and high-performance digital solutions.
Supreium’s competitors include BGFRM Technology (Chinese: 大帧科技), CloudPupil Technology (Chinese: 云眸科技), DesignOrder Technology (Chinese: 设序科技), Toplab.AI (Chinese: 宝链智能) and Matrixtime Robotics (Chinese: 聚时科技).